JMP Group LLC (NYSE:JMP) Expected to Announce Quarterly Sales of $39.88 Million

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Wall Street analysts expect JMP Group LLC (NYSE:JMP) to announce $39.88 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for JMP Group’s earnings, with estimates ranging from $37.70 million to $42.05 million. JMP Group posted sales of $44.26 million in the same quarter last year, which suggests a negative year-over-year growth rate of 9.9%. The firm is expected to report its next quarterly earnings report on Wednesday, July 24th.

On average, analysts expect that JMP Group will report full year sales of $134.45 million for the current fiscal year, with estimates ranging from $133.50 million to $135.40 million. For the next year, analysts expect that the firm will post sales of $144.74 million, with estimates ranging from $140.17 million to $149.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover JMP Group.

JMP Group (NYSE:JMP) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $0.08 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.13. The business had revenue of $27.17 million for the quarter, compared to the consensus estimate of $25.33 million. JMP Group had a net margin of 2.32% and a return on equity of 9.65%.

JMP has been the topic of several recent research reports. Zacks Investment Research raised shares of JMP Group from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Thursday, February 28th. Singular Research reissued a “buy” rating on shares of JMP Group in a report on Tuesday, February 26th. Finally, ValuEngine downgraded shares of JMP Group from a “hold” rating to a “sell” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $6.25.

Shares of JMP stock traded down $0.01 during trading hours on Thursday, hitting $3.95. The company’s stock had a trading volume of 11,600 shares, compared to its average volume of 28,034. The stock has a 50 day simple moving average of $3.91. The stock has a market cap of $82.92 million, a PE ratio of 14.11, a PEG ratio of 1.19 and a beta of 0.90. The company has a debt-to-equity ratio of 1.28, a quick ratio of 4.77 and a current ratio of 4.78. JMP Group has a 12-month low of $3.71 and a 12-month high of $5.72.

The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Thursday, May 16th. JMP Group’s dividend payout ratio (DPR) is presently 57.14%.

In related news, CEO Joseph A. Jolson acquired 54,169 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were acquired at an average cost of $3.89 per share, with a total value of $210,717.41. Following the completion of the acquisition, the chief executive officer now directly owns 77,026 shares in the company, valued at approximately $299,631.14. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Joseph A. Jolson acquired 7,506 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were bought at an average cost of $3.98 per share, for a total transaction of $29,873.88. Following the completion of the acquisition, the chief executive officer now owns 77,026 shares of the company’s stock, valued at $306,563.48. The disclosure for this purchase can be found here. Insiders have purchased 83,570 shares of company stock worth $327,957 over the last three months. 54.86% of the stock is currently owned by insiders.

A hedge fund recently bought a new stake in JMP Group stock. Wetherby Asset Management Inc. acquired a new stake in shares of JMP Group LLC (NYSE:JMP) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 84,968 shares of the financial services provider’s stock, valued at approximately $319,000. Wetherby Asset Management Inc. owned approximately 0.40% of JMP Group as of its most recent SEC filing. 13.53% of the stock is owned by institutional investors and hedge funds.

About JMP Group

JMP Group LLC, together with its subsidiaries, provides investment banking, sales and trading, equity research, and asset management products and services in the United States. The company operates through three segments: Broker-Dealer, Asset Management, and Corporate. The Broker-Dealer segment offers various services, such as underwriting and acting as a placement agent for public and private capital markets raising transactions; and financial advisory services in mergers and acquisitions, restructuring, and other strategic transactions.

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